Housing: Construction

Ministry of Housing, Communities and Local Government written question – answered on 3rd July 2018.

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Photo of John Healey John Healey Shadow Secretary of State for Housing

To ask the Secretary of State for Housing, Communities and Local Government, what recent assessment he has made of the adequacy of the funding allocated for house building by housing associations in the event of an economic downturn.

Photo of James Brokenshire James Brokenshire The Secretary of State for Housing, Communities and Local Government

We have listened to housing associations and have provided the support they need to build more affordable homes.

We have provided an additional £2 billion affordable housing funding to deliver social rent homes in areas of acute affordability pressure, taking our total investment in the Affordable Homes Programme to £9 billion.

To help housing associations to continue to build even during a downturn, we have provided a stable investment environment by confirming long term rent certainty.

All housing associations must meet the economic standards of the Social Housing Regulator, which include governance and financial accountability.

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